Insider Buying: Caledonia Mining (NYSEAMERICAN:CMCL) Director Acquires $219,725.00 in Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director Victor Gapare bought 11,750 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $18.70 per share, with a total value of $219,725.00. Following the completion of the transaction, the director directly owned 2,455,122 shares of the company’s stock, valued at $45,910,781.40. This represents a 0.48% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Caledonia Mining Stock Down 4.2%

Shares of NYSEAMERICAN:CMCL opened at $20.52 on Thursday. Caledonia Mining Corporation PLC has a 52-week low of $18.40 and a 52-week high of $38.75. The firm has a fifty day moving average of $23.12 and a 200 day moving average of $25.73. The firm has a market capitalization of $396.24 million, a PE ratio of 6.43 and a beta of 0.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.08 and a current ratio of 4.66.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its earnings results on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.13. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%. The company had revenue of $66.43 million during the quarter, compared to analyst estimates of $79.20 million.

Caledonia Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.14 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.56 annualized dividend and a yield of 2.7%. Caledonia Mining’s payout ratio is 116.67%.

Institutional Trading of Caledonia Mining

Institutional investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. boosted its position in Caledonia Mining by 115.7% during the fourth quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock valued at $5,688,000 after buying an additional 116,580 shares during the period. TrueMark Investments LLC purchased a new stake in Caledonia Mining during the fourth quarter valued at about $1,244,000. Massachusetts Financial Services Co. MA purchased a new stake in Caledonia Mining during the fourth quarter valued at about $2,615,000. American Century Companies Inc. boosted its position in Caledonia Mining by 20.3% during the third quarter. American Century Companies Inc. now owns 521,477 shares of the company’s stock valued at $18,883,000 after buying an additional 88,140 shares during the period. Finally, Globeflex Capital L P boosted its position in Caledonia Mining by 59.2% during the fourth quarter. Globeflex Capital L P now owns 163,383 shares of the company’s stock valued at $4,276,000 after buying an additional 60,747 shares during the period. 31.78% of the stock is currently owned by hedge funds and other institutional investors.

About Caledonia Mining

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.